Sastry, Parinitha; Verner, Emil; Marqués Ibáñez, David - 2024
This paper studies the impact of voluntary climate commitments by banks on their lending activity. We use … administrative data on the universe of bank lending from 19 European countries. There is strong selection into commitments, with … priority for decarbonization. However, climate-aligned banks do not change their lending or loan pricing differentially …